Determining Percentage DC/DB Plan Participation

Note: The report is based on participation on the system date.

Determine whether defined contribution (DC) or defined benefit (DB) plans satisfy the percentage test, also called the 70 percent test. The percentage test compares the number of employees who are eligible for the plan with the number of participants. To determine which employees are eligible, the test uses the eligibility requirements of each benefit plan.

To determine the percentage of DC or DB plan participation

  1. Access Percentage Test (BN345).
  2. In the Parameters section, use the following guidelines to enter field values:
    Benefit Type

    Select the type of plan you want to test. This is a required field.

    Plan

    Select a plan for the test. If you leave all the Plan fields blank, the report includes all plans for the benefit types that you selected in the Benefit Type field.

    Employee Sequence

    Select a value to override the default print order defined in HR00.1 (Company). If you select Alpha, employees list by name. If you select Numeric, employees list by number. If you leave this blank, employees list in the order defined in HR00.1 (Company).

  3. Select the Add form function.
  4. Submit the report.